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Trump administration unveils move to crack down on US investments in Chinese firms
Nov 13, 2020 04:51The administration of President Donald Trump has unveiled an executive order banning US investments in Chinese firms that Washington says are owned or controlled by the Chinese military.
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Billions locked in troubled Lebanese banks behind economic crisis: Syrian President
Nov 05, 2020 09:37Syrian President Bashar al-Assad has blamed the financial downfall in neighboring Lebanon and not the sweeping US sanctions as the root cause of the ongoing economic crisis in the war-torn country.
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France urges EU to impose WTO state aid sanctions over Boeing
Oct 16, 2020 12:45French Finance Minister Bruno Le Maire has urged the European Union to slap sanctions on the United States in their dispute over state aid for Boeing and Airbus.
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US economy contracts at 31.4% in second quarter of 2020
Sep 30, 2020 14:06The US economy has witnessed sharpest contraction in decades during the second quarter of 2020 due to the coronavirus pandemic.
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Qatar Airways got $1.95 billion government lifeline after losses widened
Sep 27, 2020 12:24Qatar Airways received a 7.3 billion riyals ($1.95 billion) lifeline from the Qatar government after losing 7 billion riyals in the year to March 31, the state-owned group disclosed on Sunday.
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Global income from work dropped by $3.5 trillion due to virus
Sep 24, 2020 08:57Income earned from work globally had a drop of an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020 in comparison to the same period a year ago, the International Labour Organization (ILO) said on Wednesday.
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IMF chief warns global economy 'not out of the woods'
Jul 16, 2020 05:55IMF chief Kristalina Georgieva has warned of a possible second wave of the coronavirus, urging countries around the world to keep their support programs in place.
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World economy to contract at least 6% in 2020: OECD
Jun 10, 2020 10:24The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the Organization for Economic Cooperation and Development (OECD) says.
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Coronavirus crisis could cost global economy $82 trillion: Report
May 21, 2020 08:31The coronavirus pandemic could cost the global economy up to $82 trillion as most countries have slid into a serious recession due to the fallout of the fatal disease, a new report shows.
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US trade deficit widens to $44.4 billion in March on falling exports
May 05, 2020 13:49The United States government says its exports faltered nearly 10 percent in March, taking the country’s trade deficit to over $44 billion.